exempt

                                                 (Reprinted with amendments adopted on April 18, 2003)

 

Senate Bill No. 313–Senator Raggio

 

March 17, 2003

____________

 

Referred to Committee on Taxation

 

SUMMARY—Clarifies provisions governing administration of sales and use taxes on sales and leases of motor vehicles to governmental entities. (BDR 32‑295)

 

FISCAL NOTE:  Effect on Local Government: Yes.

                           Effect on the State: Yes.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to taxation; clarifying the provisions governing the administration of the sales and use taxes on the sale or lease of a motor vehicle to a governmental entity; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1  Section 1. NRS 372.7283 is hereby amended to read as

1-2  follows:

1-3  372.7283  In administering the provisions of NRS 372.325, the

1-4  Department shall apply the exemption for the sale of tangible

1-5  personal property to the State of Nevada, its unincorporated

1-6  agencies and instrumentalities, to include [all] :

1-7  1.  All tangible personal property that is transferred for use by a

1-8  state entity in accordance with an agreement executed pursuant to

1-9  NRS 353.500 to 353.630, inclusive [.] ; and

1-10      2.  Any type of motor vehicle that is transferred for use by a

1-11  state entity or a county, city, district or other local entity, whether

1-12  by sale or lease and regardless of whether title to the vehicle

1-13  passes to the state or local entity at any time during the use of the

1-14  vehicle.

1-15      Sec. 2.  NRS 374.729 is hereby amended to read as follows:

1-16      374.729  In administering the provisions of NRS 374.330, the

1-17  Department shall apply the exemption for the sale of tangible

2-1  personal property to the State of Nevada, its unincorporated

2-2  agencies and instrumentalities, to include [all] :

2-3  1.  All tangible personal property that is transferred for use by a

2-4  state entity in accordance with an agreement executed pursuant to

2-5  NRS 353.500 to 353.630, inclusive [.] ; and

2-6  2.  Any type of motor vehicle that is transferred for use by a

2-7  state entity or a county, city, district or other local entity, whether

2-8  by sale or lease and regardless of whether title to the vehicle

2-9  passes to the state or local entity at any time during the use of the

2-10  vehicle.

2-11      Sec. 3.  This act becomes effective on July 1, 2003.

 

2-12  H